21.Based on
which accounting concept market value of investments is shown as a footnote to
balance sheet?

A.Industry Practicer

B.Business Entry Concept

C.Full Disclosure*

D.Conservation Concept

Ans:C

22.The
capital of Mr.X as on 1-1-2011 is Rs.40,000,interest on drawings
Rs.1,800,Interest on Capital Rs.4000,Drawings Rs.15,000,and profit for the year
Rs.16.200.His Capital as on 31-12-2011 is

A.Rs.41,200

B.Rs.40,000*

C.Rs.53,000

D.Rs.44,600

Ans:B

23.Which
country is known as Dairy farm of Europe?A.Switzerland

B.Ireland

C.Italy

D.Denmark*

Ans:D

24.The
following combinations indicate the nations and type of society originated in
the respectivenations.Identify
the incorrect match.

A.Japan-Multipurpose Societies

B.Canada-Agricultural Societies

C.Israel-Labour Contract Societies*

D.China-Industrial Cooperatives

Ans:C

25.Who is
considered as the first president of the Rockdale pioneers equitable co-operative society?

A.Charles Howrath*

B.James Daly

C.E.V.Neale

D.Robert Owen

Ans:A

26.Mr.H.Calvert,an
eminent Co-operator,was the registrar of Co-operative Societies of

A.Haryana

B.Himachal Pradesh

C.Tamil Nadu

D.Punjab*

Ans:D

27.Who among
the following belongs to Co-operative Enterprise School?

A.Robert Owen

B.Charles Fourier

C.Horace Plunkett*

D.Louis Blane

Ans:C

28.When was
the principle “Co-operation among the Co-operatives”proposed by a commission
headedby an eminent
Indian Co-operator,D.G.Karve,added to co-operative principles?

A.1934

B.1995

C.1937

D.1966*

Ans:D

29.Which one
of the following feature is found in common in Co-operation and Capitalism?

A.Centralized and
aristocratic

B.Self Interest

C.Self help and mutual help

D.Individual Liberty*

Ans:D

30.Malcolm
Darling described Co-operation as

A.Self help and mutual help

B.Morality applied to business*

C.Economic system with minimum state interference

D.Economic movement

Ans:B

31.Which of
the following is not a recommendation by R.N.Mirdha appointed by Government of
India in1961?

A.Entrust audit of societies to independent agency under
government but independent of registrar

B.Membership to housing societies should be limited to low
income group fixing certain ceiling

C.Registrar should be equaled to heads of other major
development departments*

D.Establishment of National Cooperative Bank

Ans:C

32.Identify
the correct match as to authority and the organization/committee to which they arerelated?

A.R.K.Hazari DICAR

B.Dr.M.S.Swaminathan ARDC

C.Sri.V.Venkatappiah AIRCRC*

D.Prof.Ali Mohammed Khusro CCT

Ans:C

33.Which one
of the following facts is not as per the provisions of Co-operative Societies
Act.of 1912?

A.Liability of a member of a registered society shall be
limited

B.Minimum number of
persons required to form a society was fixed at 25 individuals attaining an age
of 18 years*

C.No one member can have more than 20% of the total share
capital in a limited liability society

D.Society has right to set off shares,deposits etc.of a
member against does of society

Ans:B

34.Who among
the following was not a member of AIRCSC headed by AD Gorwala?

A.Prof.D.R.Gadgil

B.Sri.B.Venkatappiah

C.Dr.N.S.R.Sastry

D.Dr.R.K.Hazari*

Ans:D

35.Which one
of the following fund was to be created under RBI as per the recommendations ofGorwala Committee?

A.National Co-operative Development Fund

B.National Warehousing Development Fund

C.National Agricultural Credit (Stabilisation) Fund*

D.State Co-operative Development Fund

Ans:C

36.Which of
the following concept is not associated with Robert Owen,father of
co-operation?

A.Labour Notes

B.Villages of Co-operation

C.Friendly Societies*

D.New Harmony

Ans:C

37.Which of
the following is not a feature of banks
established by Schulz?

A.No maximum limit on Dividend

B.Deposits from members and non members

C.Higher share value

D.Unlimited Liability*

Ans:D

38.UNI COOP
JAPAN was established in Japan in 1961 for the purpose of

A.Supply of credit

B.Marketing

C.Education
D.Foreign trade*

Ans:D

39.Which of
the following initiatives does match with co-operatives in the countries?

A.Sweden KF*

B.Denmark People’s banks

C.Japan Stilling Anderson

D.Germany Fund without Boundaries

Ans:A

40.The
chairman of the committee to submit in its report that “Cooperation has
failed,but it mustsucceed”is

A.V.L.Mehta

B.S.D.Misra

C.A.D.Gorwala*

D.F.Nicholson

Ans:C

41.When was
National Co-operative Development Corporation set up to promote development ofagricultural co-operative
especially in the field of marketing and processing?

A.1963*

B.1972

C.1967

D.1974

Ans:A

42.When is
the International Co-operative Day celebrated?

A.First Saturday of July*

B.First Saturday of November

C.Second Saturday of July

D.Second Saturday of November

Ans:A

43.Which of
the following is not a publication of NCUI?A.Co-operative Education News

B.Indian Co-operative Review

C.The Co-operator

D.Indian Co-operator*

Ans:D

44.The
institution set up to provide training to senior level officers in co-operative
sector is

A.NCCE

B.CTCs

C.ICMs

D.VAMNICOM*

Ans:D

45.CICTAB
(Centre for International Co-operative Training in Agricultural Banking)was
established byGovt.of
India with assistance from

A.FAO*

B.UNO

C.ILO

D.ICA

Ans:A

46.Single
column cash book may show

A.Only a Credit Balance*

B.Only a Debit Balance

C.Either Debit Balance or a Credit Balance

D.Neither Debit nor Credit

Ans:A

47.The Bank
Statement of a customer shows an Overdrawn Balance of Rs.4800.A Cheque for
Rs.200drawn in favour
of a creditor has not yet been presented for payment.What will be the bank
balancewhen the
creditor presents the cheque for payment?

A.Rs.5,000(Overdrawn)*

B.Rs.4,600(Overdrawn)

C.Rs.5,000

D.Rs.4,600

Ans:A

48.Goods
worth Rs.3,000 taken by proprietor for personal use should be

A.Debited to Debtors Account

B.Debited to Drawings Account*

C.Credited to Capital Account

D.Debited to Purchased Account

Ans:B

49.A
promissory note is written by

A.Debtor*

B.Creditor

C.Debtor or Creditor

D.Endorser

Ans:A

50.Which of
the following adjustments is correct?

A.Carriage outward shown in the trial balance is debited to
Trading account

B.Outstanding wages in the trial balance appears on the
liability side of Balance Sheet*

C.Prepaid insurance given in the Trial balance is debited to
P & L account

D.Asset account is debited to provide for depreciation

Ans:B

51.Net
working capital is

A.Total current assets

B.Total current assets minus total current liabilities*

C.Gross working capital

D.Permanent working capital

Ans:B

52.EPS
stands for

A.Earnings Per Share*

B.Earnings Price Share

C.Earnings Plus Share

D.Earnings Price Substraction

Ans:A

53.MM
approach is related to

A.Profit

B.Earnings

C.Dividend*

D.Investment

Ans:C

54.Risk is
measured with the help of

A.Mean

B.Harmonic mean

C.Standard deviation*

D.Standard error

Ans:C

55.IMC
stands for

A.Integrated Marketing Communication*

B.International Marketing Communication

C.International Marketing Commission

D.Integrated Marketing Committee

Ans:A

56.Which of
the following is not a current asset?

A.Plant*

B.Cash

C.Bills receivable

D.Debtors

Ans:A

57.Surplus
means

A.Net Profit

B.Excess of income over expenditure*

C.Net loss

D.Gross profit

Ans:B

58.Prepaid
expense is an example of

A.Fixed asset

B.Investment

C.Current asset*

D.None of these

Ans:C

59.Drawing
decreases

A.Capital*

B.Loan

C.Assets

D.Liability

Ans:A

60.Bank
account is a -----------account

A.Personal a/c*

B.Real a/c

C.Nominal a/c

D.None of these

Ans:A

61.Meaning
of the term ‘quid pro quo’is

A.Something in return*

B.The two parties

C.Agreement

D.Free consent

Ans:A

62.A watch
given for repair is an example of a contract of

A.Agency

B.Bailment*

C.Sale of goods

D.General contract

Ans:B

63.Select
the correct statement

A.All agreements are contracts

B.A contract without consideration is valid

C.Free consent is required from one party of a contrat

D.All contracts are agreements*

Ans:D

64.Which of the
following is not a special type of
contract?

A.Indemnity and guarantee

B.Bailment and pledge

C.General contract*

D.Agency

Ans:C

65.Standard
deviation is

A.A measure of dispersion

B.Absolute measure of dispersion*

C.Relative measure of dispersion

D.None of these

Ans:B

66.Auditing
means

A.Verifying arithmetical accuracy

B.Matches debit with credit

C.Increases the reliability of accounts

D.All the above*

Ans:D

67.Sacrificing
ratio is equal to

A.Old ratio minus new ratio*

B.New ratio minus old ratio

C.New ratio minus new ratio

D.Old ratio minus old ratio

Ans:A

68.Select
the correct statement

A.Sales and marketing are same

B.Sales include marketing

C.Marketing include sales*

D.None of these

Ans:C

69.Double
account means

A.Preparing only one balance sheet

B.Preparing accounts under single entry system

C.Preparing two balance sheets*

D.Preparing two profit and loss a/c

Ans:C

70.Which of
the following is a feed back technique?A.Planning

B.Organising

C.Control*

D.Direction

Ans:C

71.The most
scientific measure of dispersion is

A.Mean

B.Median

C.Geometric mean

D.None of these*

Ans:D

72.The
probability value ranges between

A.+1 and -1

B.0 and 1*

C.Infinity

D.None of these

Ans:B

73.Which is an example of perfect positive correlation?

A.0

B.+1*

C.-1

D.-98

Ans:B

74.Probable
error is associated with

A.Correlation*

B.Regression

C.Standard deviation

D.Arithmetic mean

Ans:A

75.Father of
rank correlation is

A.Karl Pearson

B.Gosset

C.Hurwics

D.Spearman*

Ans:D

76.PLC
means:

A.Product Life Cycle

B.Production Line Control

C.Product Length Cycle

D.Product Life Cycle*

Ans:D

77.Select
the correct statement

A.Marketing research and market research are the same

B.Consumer research and market research are the same

C.Consumer research and marketing research are the same

D.None of these*

Ans:D

78.Goodwill
is

A.Fixed asset

B.Intangible asset*

C.Current asset

D.Wasting asset

Ans:B

79.Single
entry means

A.Recording the debit aspect only

B.Recording the credit aspect only

C.Recording selected transactions only

D.Incomplete double entry*

Ans:D

80.Fourteen
Commercial Banks were nationalized in

A.1968

B.1969*

C.1970

D.1972

Ans:B

81.The
‘Upper cloth revolt of 1859’ was started by the women folk of which community?

A.The Nair

B.The Namboodiri

C.The Channar*

D.The Ezhava

Ans:C

82.Among the
following who was in charge of the Rani of Jhancy Regiment of the INA?

A.Ammu Swaminathan

B.Akkamma Cheriyan

C.A.V.Kuttimalu Amma

D.Lakshmi Sahgal*

Ans:D

83.’Athmopadesasathakam’is
written by

A.Swami Anantha Theerthan

B.Ayyankali

C.Brahmananda Sivayogi

D.Sree Narayana Guru*

Ans:D

84.Which
part of the Indian Constitution deals with the Directive Principles of State
Policy?

A.Part IV*
B.Part III

C.Part VIII

D.Part XV

Ans:A

85.The Right
to Information Act was passed in the year

A.2001

B.2009

C.2014

D.2005*

Ans:D

86.The
Indian constitution had how many Schedules at the time of its adoption in 1950?

A.10

B.12

C.8*

D.15

Ans:C

87.’Rajyasamacharam’,the
first newspaper in Malayalam was published from

A.Kottayam

B.Nagarcoil

C.Thalassery*

D.Attingal

Ans:C

88.Gandhiji’s
first visit to Kerala was related with

A.The Khilafat-on co-operation movement*

B.The Harijan upliftment

C.The Quit India Movement

D.The Vaikkom Satyagraha

Ans:A

89.Which
constitutional Amendment incorporated Fundamental duties in to the Indian Constitution?

A.42nd*

B.1st

C.96th

D.69th

Ans:A

90.Inclusion
of the educated natives in the higher grades of public services was a demand of
which ofthese
movements?

A.Ezhava Memorial

B.Malayali Memorial*

C.The Abstention Movement

D.Swadesi Movement

Ans:B

91.Which
Missionary society started the first primary school at Kallai in Malabar?

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